The Permira core private equity funds focus on opportunities which offer majority or controlling ownership. There may be situations where minority ownership is appropriate, for example in partnership deals with aligned co-investors such as an LP co-investor, family shareholder or corporate partner. The funds will generally seek to appoint one or more non-executive directors to the boards of portfolio companies to enhance governance and to influence and reinforce critical decisions around the business strategy, leadership and the timing and nature of exit. The objective is to work alongside and support world-class management teams and boards to achieve business transformation.
During 2019, Permira launched its latest buy-out fund Permira VII (“P7”). P7 will follow Permira’s long-term strategy of investing in market-leading businesses that benefit from strong and resilient underlying growth drivers. The fund’s focus is on majority and control investments. The fund will continue to deploy across Permira’s key sectors: Technology, Consumer, Financial Services, Healthcare, Industrial Tech and Services.
Permira also has a separate strategy focused on non-control opportunities, Permira Growth Opportunities (PGO) fund. The first such fund, PGO1 closed in 2019. PGO is an extension of the Permira funds’ longstanding growth-oriented investment strategy. The fund’s focus is on large-scale minority, non-control investments.